Is investing in safety detrimental to the financial health of the firm ?

Nicolas Piluso ()

Post-Print from HAL

Abstract: The article attempts to analyze the effects of an investment in safety of the production process on the dynamics of the distributed dividends. The aim is to answer the question of whether a risky industry has an incentive to invest in safety independently of the decrease in the probability of accidents generated by the safety measures. Although there is an obvious tension between safety and profitability, it appears that the firm may, in certain cases that we identify, have an interest in investing insofar as capital accumulation and dividend distribution are not durably affected by safety.

Date: 2022-08-01
New Economics Papers: this item is included in nep-cfn
Note: View the original document on HAL open archive server: https://hal.science/hal-03741321v1
References: Add references at CitEc
Citations:

Published in Journal of Economics, 2022, 7 (4), pp.116-136. ⟨10.54647/economics79325⟩

Downloads: (external link)
https://hal.science/hal-03741321v1/document (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03741321

DOI: 10.54647/economics79325

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().